PEABODY, Mass. (AP) _ Analogic Corp. (ALOG) on Wednesday reported fiscal first-quarter net income of $5.7 million.
On a per-share basis, the Peabody, Massachusetts-based company said it had net income of 45 cents. Earnings, adjusted for stock option expense and costs related to mergers and acquisitions, came to 75 cents per share.
The maker of medical and security imaging equipment posted revenue of $106.9 million in the period.
Analogic expects full-year earnings in the range of $2.75 to $2.90 per share, with revenue in the range of $450 million to $460 million.
Analogic shares have dropped nearly 3 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $80.65, a drop of 11 percent in the last 12 months.